• Williams %R fluctuates between zero and -100.
  • A value above -20 means overbought.
  • A value below -80 means oversold.
  • Overbought or oversold readings do not mean that the price will reverse. Overbought simply means that the price is near the highs of its recent range, and oversold means that the price is at the bottom of its recent range.
  • Can be used to generate trading signals when the price and indicator go beyond the overbought or oversold zone.